Goldman Sachs Asset Management is looking to serve more investors in search of downside protection from market disruptions.
Brion Lake helped launch its latest Buffer Exchange Trade Fund this month. Goldman Sachs US Large Cap Buffer 3 ETF.
“I’m an investor. You’re an investor. The person you’re watching is an investor. There’s an incredible amount of uncertainty for now. [and] Goldman Sachs’ Chief Change Officer told Anchor Bob Pisani on CNBC’s ETF Edge.
Last summer, Lake joined Goldman Sachs. According to a press release from the company, it was due to a newly created role aimed at expanding its investment strategy. Previously, Lake led the global ETF business at JPMorgan Chase
“Buffer products are designed to help protect people on the downsides, while also allowing them to participate in the benefits,” he said. “The way they’re designed is to protect them from reducing 5% to 15% by 5% to 15%.
Lake proposes that buffer ETFs use a strong proven approach.
“These are… true strategies that have been tested and used by investors for decades,” he said.
Goldman Sachs US Large Cap Buffer 3 ETF has fallen by about 3% since trading began on March 4th. The S&P 500 is almost 4% off in the same time frame.
